#Massive Issuance of USDC#
Hot Topic Overview
Overview
There has been a massive issuance of USDC recently, with the latest overnight increase being $2.9 billion. Since Trump announced his own cryptocurrency on the 18th, the cumulative increase has exceeded $4.5 billion. In just the past two hours, USDC Treasury has issued over 71 million USDC on the Ethereum chain. Since Trump’s announcement, Circle has issued 2.5 billion USDC on the Solana chain in just four days. This indicates that USDC issuance is rapidly growing, possibly related to the news of the SEC forming a crypto task force and Trump’s announcement.
Ace Hot Topic Analysis
Analysis
The recent surge in USDC issuance has attracted market attention. Monitoring data shows that USDC Treasury has issued over 71 million USDC on the Ethereum chain in the past two hours, while Circle has cumulatively issued 2.5 billion USDC on the Solana chain in the past four days since Trump announced the issuance of cryptocurrency. In the past night alone, USDC issuance has increased by $2.9 billion, which may be stimulated by the news of the SEC establishing a cryptocurrency working group. Since Trump's announcement of cryptocurrency issuance, USDC issuance has cumulatively increased by over $4.5 billion. This phenomenon suggests that market demand for USDC is rapidly growing, which may be related to investors' safe-haven demand for stablecoins and their optimistic expectations for the future development of the cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC issuance has increased significantly recently, possibly driven by the news of the SEC's formation of a cryptocurrency working group.
USDC Treasury has issued a large amount of USDC on the Ethereum chain, indicating its active expansion of its influence in the Ethereum ecosystem.
The issuance of USDC on the Solana chain shows that it is actively expanding to other blockchain platforms to expand its user base and application scenarios.
The issuance of USDC may be related to recent cryptocurrency market fluctuations and regulatory policy changes, reflecting the increasing market demand for stablecoins.